Commission Issues
- Can an agent accept a bonus directly from a client without the approval of their broker? (1 minuteread)
- Can a Sales Agent Negotiate Commission Directly With a Client? (1 minuteread)
- Several weeks after listing a seller’s home, he and I agreed to terminate our relationship. We both signed a Termination of Listing form (TAR 1410) with the seller agreeing to pay me $400 for the services I rendered to the date of termination. The seller keeps saying he will send me a check for the $400, but he still hasn’t. I recently learned that he is selling his home through another listing broker and the closing will take place next week. Should I send a letter to the title company demanding that they withhold my $400 from the seller’s proceeds? (1 minuteread)
- I represent a buyer interested in purchasing a property that is not listed with a broker. The buyer wants me to approach the seller and make an offer. He also wants me to seek my compensation from the seller. How can I secure payment of my commission? (1 minuteread)
- Are there antitrust implications to this practice? (1 minuteread)
- I started working with a client before learning she was locked with an affinity group or relocation company. Do I have to pay a referral fee to the relocation company? (1 minuteread)
- Is there any limit to what a relocation company can charge as a referral fee? (1 minuteread)
- Why does this practice not constitute payment of an illegal kickback and therefore violate RESPA? (1 minuteread)
- A mortgage broker has offered to send me clients interested in buying property and wants me to pay her a referral fee. She does not have a real estate license. Can I do it? (1 minuteread)
- A licensed real estate broker in Oklahoma wants me to pay her a referral fee for sending me a seller who’s selling his property in Texas. Can I pay this out-of-state broker a referral fee? (1 minuteread)
